Transnet posts higher rail volumes, narrowing losses in interim results

TRANSNET saw a steady operational improvement in the six months to 30 September as higher rail volumes and increased tonnage throughput breached the 80 million tons, helping to narrow losses.

- YOGASHEN PILLAY

The State-owned logistics group last week reported that rail volume performance increased by 4.4% to 81.4 million tons, compared with 78.0 million tons in the same period last year.

Transnet said momentum strengthened towards the end of the reporting period, with September 2025 recording throughput of 14.8 million tons, the highest monthly performance since the 2022 financial year, despite maintenance-related disruptions to manganese volumes.

Group CEO, Advocate Michelle Phillips, said the improved operational performance translated into a 17.7% reduction in the reported net loss to R1.8 billion, from R2.2bn a year earlier.